Equity to Asset ratio is calculated as total stockholders equity divided by total asset. 51 Credit Card's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$793.76 Mil. 51 Credit Card's Total Assets for the quarter that ended in Dec. 2023 was HK$1,274.22 Mil.
Therefore, 51 Credit Card's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.62.
The historical rank and industry rank for 51 Credit Card's Equity-to-Asset or its related term are showing as below:
HKSE:02051'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.68 Med: 0.47 Max: 0.63
Current: 0.62
During the past 9 years, the highest Equity to Asset Ratio of 51 Credit Card was 0.63. The lowest was -1.68. And the median was 0.47.
HKSE:02051's Equity-to-Asset is ranked better than 67.59% of 540
companies
in the Credit Services industry
Industry Median: 0.365
vs HKSE:02051: 0.62
51 Credit Card Equity-to-Asset Historical Data
The historical data trend for 51 Credit Card's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of 51 Credit Card's Equity-to-Asset
For the Credit Services subindustry, 51 Credit Card's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
51 Credit Card's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, 51 Credit Card's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where 51 Credit Card's Equity-to-Asset falls into.
51 Credit Card Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
51 Credit Card's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
51 Credit Card Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of 51 Credit Card's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
51 Credit Card Inc is an investment holding company. Along with its subsidiaries, it is engaged in providing one-stop personal financial technology services and SaaS services, covering personal credit management, credit card technology services and online credit facilitation and investment services in China. The firm derives revenue from Credit facilitation and service fee, Payment service fee, Credit card technology service fee, SaaS service fee and Other revenue. A majority of its revenue gets derived through Credit facilitation and service fee. The majority of the group's activities are carried out in Mainland China.
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